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in the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do more to root it out. >> eunice, we're having tr
to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they
with five u.s. airlines including alaska, american, delta, united and u.s. airways, we anticipate the t.s.a. precheck will be in 35 airports by the end of the year with b.w.i., san francisco, and orlando airports all coming online this week. an additional airlines will be coming onboard >> all of this briefing in our c-span networks. we'll take you live to the white house for the briefing with jay carney. >> good afternoon, ladies and gentlemen. thanks for being here. i have a brief statement to read at the top which is that today the president was able to continue returning messages of congratulations from his counterparts around the world. each call he thadged his counterpart for their friend -- thanked his counterpart for their friendship and expressed his desire for close cooperation moving ahead. the president spoke with president karzai of afghanistan, the prime minister of italy, the king of joshedian -- jordan, qatar, president putin of russia, and the president of spain. with that i'll take your questions. >> a couple questions about the scandal that many of us are now covering
. closing arguments have ended in a pretrial hearing to determine whether u.s. staff sergeant robert bales will face a court- martial for allegedly slaughtering 16 afghan civilians, including nine children, in march. military prosecutors are seeking the death penalty while defense attorneys have argued that alcohol abuse, drug use, and posttraumatic stress disorder all may have played a key role in fueling his actions. the presiding officer says he'll issue a recommendation on whether to proceed to court martial by the end of the week. deadly fighting in syria reportedly left at least 63 people dead across the country tuesday, including 41 in the capital damascus. syrian tanks continue to shell the palestinian refugee camp which has seen heavy violence this month. france has become the first western country to recognize syria's newly brokered opposition coalition as the sole representative of the syrian people. the coalition was formed over the weekend at a summit in doma. at least 24 people at and killed and more than 100 wounded in a series of bombings across iraq. a multiple explosions
soared on cyber monday. and all bets are off. prediction market entrade says it can no longer accept u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level there. the aussie dollar doing a little bit abouter despite that weak number on the shanghai composite. sterling is flat. we'll get into that more later. and euro-dollar just barely higher today, we did see it rallying over the 1.30 mark last night. as we look at crude rallying adding a third of a percent. brent about a quarter of a percent. copper, we're adding 0.2%. 354 bucks on that contract. the real foe you can as we continue to examine whether china's economy is fundamentally hanging in there, c
in the u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds creeping back up to 1.4% level. let's key in on currency. the aussie dollar despite the broader risk-on attitude a weaker. dollar-yen moving higher 82.13. and the nikkei is adding to its string of gains throughout the month. euro-dollar rebounding off yesterday's trading session to add 0.1%. let's check in on how the asia trading session went overnight and for more, deidre wong morris joins us from singapore. >> well, it was a very good session over here, as well. headline driven. but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is anything that policymakers or investors can do to lift sentiment in this market. different story in the hang seng, rebounding up about 1
classes this year. >> tom: the u.s. economy was hotter than first thought this summer. in the newest data on the gross domestic product, the economy grew in the third quarter at its fastest pace of the year. the revised report said the economy grew at a 2.7% clip. that's well above the previously reported 2% growth. adding fuel was restocking inventories, which is not expected to continue. higher federal government spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following the storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for their shareholders continued growing today. taxes on stock dividends are currently set at 15%. but with no deal on the fiscal cliff, dividends will be t
. for the first time, the majority of the island's voters supported a non-binding referendum to become a full u.s. state. we will speak with the nation magazine's john nichols president of his new mandate for the next four years. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. president obama return to the white house on wednesday hours after his convincing win over republican challenger mitt romney in the 2012 election. aides say obama has immediately turned to the so-called fiscal cliff of $700 billion in expiring tax cuts and automatic spending reductions set to take effect at the end of the year. under the terms of last year's debt deal, obama and senate democrats must agree on a deficit reduction package with house republicans or face automatic cuts that will likely contract the economy. on wednesday, both senate majority leader harry reid and house speaker john boehner pledged to negotiate in good faith. >> the american people want us to work together. republicans and democrats want us to work together. they want a balan
, it certainly does. thank you. >>> despite u.s. objections, the united nations is ready to give the palestinians another step toward full international recognition. palestinians in the middle east are certainly overjoyed. israel's ambassador to the united states standing by to explain why his country thinks the u.n. action is a mistake. fis while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! part of a whole new line of tablets from dell. it's changing the conversation. ♪ >>> any moment now we're expecting a united nations vote that could have
apprehensive this could be the final hurdle. you're talking about the presence or the arrival of u.s. secretary of state hillary clinton. there is no doubt the u.s. can play a very important role in this. it can exert a tremendous amount of leverage on the israelis to avoid a ground invasion of the gaza strip. while the u.s. does believe that israel has a right too defend itself there is a widening belief here among many, this is what is being communicated to the u.s. by egyptian officials, that a ground invasion and further military escalation will not solve this. we've been down this road before. >> go ahead, ayman. if you're still there. >> i'm still here. i was saying that they've been down this road before, used the military option back in 2008, and previously it hasn't solved the gaza problem and so many people are saying that this has to stop. to really think of a new paradigm shift in how to solve the crisis in gaza and the larger with the israeli/palestinian conflict. >> yesterday we were talking about the americans passively having too light a footprint in the region, against the back
♪ backing down. what of the israeli truce? plus the u.s. ambassador to the united nations susan rice took some heat over her comments on the libya consulate attack. now it looks like though her critics have some ammunition against their claims. now she is going to go speak to some of them on capitol hill. benghazi and susan rice and is the tide turning? that's coming up from the journalists of fox news on this monday fox report. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. c
there versus the u.s.? caller: i was looking at a place in a number of places in the philippines a friend of mine i'm a veteran and talk to other vets and he has a very nice small apartment right across the street from the beach and it's $150 a month. host: do you get a military pension? caller: no, i don't. i just missed. host: host: we're looking at twitter page. back to our calls in memphis. how is the economy affecting your retirement plans? caller: the economy is affecting my retirement plans. when the -- before the market crashed i had mutual fund and a stock in a couple of different companies. as the economy tanked even more i was one of the people who was without employment. i was able to draw unemployment and so i was able to have that until i received another job which was at a greater pay cut. now at this point trying to go back to school, trying to get my mutual funds back together because i did cash one of them out. my ira is together. i never rolled my 401-k over either. at this point trying to go back to school, trying to live on less money, downgrading all the way, having
week before house lawmakers concerning the deadly attack on u.s. consulate in benghazi, libya. molly henneberg is live in washington with the very latest on this story. >> molly: now that he stepped down, general david petraeus will not testify this up coming week at house and senate intelligence xheet committee hearings investigating the benghazi. some on capitol hill they do want to hear from him in the future. >> i hope we don't have to subpoena a four-star general and former c.i.a. director. i hope he would come voluntarily. if he won't, he will be subpoenaed. >> molly: petraeus who had been in charge of the c.i.a. since september 2011 has said the attack was in response to a protest over an anti-islam video. one g.o.p. congressman is asking questions about the timing of his departure. >> it comes days before he is set to testify before the house intelligence committee. it really begs the question what did the f.b.i. know and whether did they know it? how long did they sit on the information? i recall that petraeus briefed the senate about what happened in benghazi. did he have t
at an unmanned unarmed u.s. predator drone. these jets were 0 for 2 at both shots missed and the iranian jets kept following this drone after they fouled their shots. our drone was able to land at an undisclosed location shortly afterwards. >> our aircraft was never in iranian airspace. it was always flying in international airspace. the international territorial limits is 12 knot miles off the coast and we never entered the limit. >> so the u.s. state department has protested with protective powers in tehran since the 1979 embassy takeover. just because diplomats are protesting does not think the incident was an act of war. >> the white house has motherly feelings because of the leblgs. >> i think i have said this at least two, three, four, five times now. we don't typically comment on classified surveillance missions. i am not going to get into discussions at a classified level that occurred between this department and the white house. they were informed early on. >> that's right. if you were wondering why this happened 8 days ago but we didn't learn about it until two-days after the presid
points for both sides in the fiscal cliff negotiations but especially the republicans, making sure the u.s. does not become the next greece. tonight, economically crippled country is getting another infusion of the bail-out money. senior foreign affairs correspondent amy kellogg has the story from london. >> they were peaceful but this was a protest. these greeks weary of seeing tensions shrink -- pensions shrink and jobs grow were not happy about the decision to grant them more in bail-out money. they know the feet will be held ever closer to the austerity fire. >> the long installment is not for the workers or the people. but the banks. for those drinking our blood. nothing can change. >> greece's new prime minister welcomed the deal to keep greece afloat, the feisty opposition leader decried it as hollow fix. >> it does not include greece or a plan for greece. >> in a marathon session in brussels, they nibbled around the essentials of the massive debt problem. making adjustments sort of forgiving greece's debt. that might have been political poison for the european officials planning to
for themselves. but isn't there a danger in having a political appointee like a u.s. ambassador, in a sense, freelancing, when critical material is concerned. >> i don't think so, i think ambassador rice could have easily said we may have had an organized terrorist group that may have had affiliated with al-qaeda behind the attack in benghazi. i don't think it would have been compromising any sensitive information. i think the administration has used that as an excuse, and it really -- you know, america has a lot of overclassifying, that is one reason there are adults that are supposed to be able to handle this. and i don't think it would have been that difficult for her to somewhat give a more nuance discussion of what really transpired in benghazi. >> fran, you dealt with classified and unclassified talking points when you served at the white house, do you agree with rueul? >> well, those that drafted these talking points, perhaps the intelligence community will prepare the individual going out on the sunday show, especially if they're doing multiple shows, to understand where the lines h
the stage for a possible comeback. >>> and president obama meets with top u.s. lawmakers to begin budget talks as the fiscal cliff looms. both sides are digging in their heels on on tax hikes and spending hikes. against all of the political changes we're seeing today, first i want to show you the market action. stoxx 600 is sitting roughly flat, but we've seen interesting trading session where the nikkei really surging to the up side again today. more on that in a bit. take a look at what's happening across europe because after a couple of uglier days in the market, we're seeing something of a comeback now led by technology, retail stocks are also in the green, food and beverages, autos among the sectors dragging on the in-dek. we can take a closer look at the bourses. ibex is down. ftse 100 sam thing, so we'll keep an eye on all these levels as the show progresses this morning. the bond space is where we've been focusing our attention with spain and greece on. spain today seeing prices rise, yields coming down to 5.78%. italy seeing a bit of a rally, too. selloff for britain and bund oi
here at the u.n., it is the u.s. and israel leading against the rest of the world. a u.n. vote on the official membership of palestinians, the vote that the u.s. and israel have been spending a long time trying to stop. the question is, what effect will this have on anything approaching peace in that region? our chief correspondent affairs, andrea mitchell. >> reporter: good evening, on the 65th anniversary of the u.n. giving israel the land to become a state, they voted overwhelmingly to recognize the palestinians, but only as an observer state. and a non-voting official state it is a step for nationhood, and a potential flash place for the middle east. hours earlier, they were already celebrating across the west bank. in ramallah, he made a pizza with tomatoes, olives, and spinach, representing the palestinian flag >> this is what we longed for over 60 years, it is about time a flag that today's u.n. actions will still not make palestine a nation. >> the united nations general assembly is here to issue a birth certificate of the reality of the state of palestine. >> reporter:
. and if the state department is saying they never believed that this attack on the 11th of september against the u.s. consulate was a film protest gone awry, think about it -- it's nearly impossible to believe that president obama didn't know. oh, and dimension the state department was watching this unfold in real time? when president obama in his absurd press conference then tried to portray himself as coming to the defense of a damsel in distress, susan rice, saying, quote, republicans should come after me. at that moment, he stumbled into a deeper and more damaging truth than he realized because republicans are rightly going after you, mr. president, because the evidence is mounting that you and your administration knowingly and willfully misled the american people on the benghazi massacre and lying to the american people, perhaps in order to get re-elected. that's a serious offense. joining me with reaction, texas congressman mike conoway, in the closed-door meeting with general petraeus and the author of a brand-new book, a host of war stories. oliver north is here. bring us inside the room. wh
questions. >> monday the head of u.s. africa command is scheduled to speak at george washington university at the rising threat of terrorism. they will face questions about the growing presence of al-qaeda as well as the military could have done more in benghazi attack on 9/11. >> bret: his name came up a lot. thank you. what is the best country in the world to be from? the answer will surprise you. that is later in the grapevine. up next, a lot of people in egypt are not happy with their country's president. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with
. first off, dmon straights prompted the u.s. to shut down the embassy there. the embassy was not under fire but clashes between protesters and riot police clogged streets around the complex. this chaos is going on for days as demonstrators threatened the new islamic president morsi with a second revolution. >>> and then there's this. lawmakers dominated by islamists are now rushing to draft a new constitution. this move is seen by some of morsi's critics as an effort by the muslim brotherhood to hijack the constitution. and amid all of this, president morsi is on the cover of "time" magazine. "time" calls him the most important man in the middle east and boasts an exclusive interview credited with getting israel and gaza to end fighting. let's bring in the "time" bureau chief and got the interview and joins us from tel aviv. thank you for joining us and why is morsi the most important man in the middle east? >> well, for a couple of reasons. i mean, one he is just sort of central to, you know, the sort of what they call a new sunni axis of influence. sort of powerful country is counter
it in nine years. >> more economists coming around the u.s. economy in recession. economists looking at recession and that is the key, lackluster growth. reports making rounds on wall street, indicating we could see more slowing around the bend, with more on what they're hearing here is a liz macdonald with the bottom line. if you listen to these economists everyone is resetting their expectations. >> seeing four of ten, only 4 of 10 have been their sales estimates. that is not a good number. and other data from the same louis fed, very controversial study. they are -- their preliminary data is flashing fire engine red alarms and a recession is around the corner. the second or third quarter, a third of the gdp growth came from government spending on things like defense the we're seeing 227 stocks in correction mode, apple, google and microsoft and we are seeing a big indicator cutting signals, the number of companies that are cutting -- we are seeing a big tax increase of obamacare, in the fiscal cliff, but when you look at data from the s&p you see the u.s. economy entering recessio
about the u.s. economy. i think consumers are where it's at. we just got to get over this fiscal cliff thing. >> jonathan capehart. >> i learned president morsi of egypt is fanatical about "planet of the apes." >> that is really all you need to know. jonathan, thank you so much. rana, steve, michael and everybody, thank you for watching today. if it's "way too early," it's "morning joe." chuck todd is next with "the daily rundown." >>> together again. mitt romney makes his way to the white house. it's not exactly the way he wanted to get there. but can something constructive come out of a private lunch between president obama and the man he defeated just three weeks ago? that's right. that was just three weeks ago. >>> also this morning, a deep dive into america's longest war. look into lessons learned and the sacrifices made by troops at one combat outpost. tell us about what's been accomplished and what's not in more than a decade of fighting. as the country wakes up obsessed with numbers and winners, for the lottery, that, we've got a very important update on the election night numb
than cementing it back to the status quo ante, but in terms of hamas which has the u.s. and israel have tried to isolate it for all these years over the last week or so we've seen arab foreign ministers and leaders literally beating a path into gaza to go and stand shoulder-to-shoulder with hamas. this at the same time that egypt took that lead role and guaranteed and secured this cease-fire. so it's a very important significant moment. first time the new islamist government of egypt has been tested. hamas is now a force to be at least negotiated with rather than isolated. and we'll see whether this actually leads to something more than just a lull. >> what israeli officials say is that hamas made a commitment to the government in egypt, the president mohamed morsi, that they would stop firing into israel. if that were to be revoked, that would be a violation. they would be breaking their word to the egyptians and that would cause some serious repercussions i assume, christiane, between the egypt government, muslim brotherhood-led government, and hamas. >> reporter: well, i was obviousl
the changes could mean. >>> welcome back. take a look at the u.s. equity futures. dow and s&p coming off their worst week since july 4th. you can see they are indicated higher, but maybe not the bounce you might have expected. the dow up 23. >> squawk sports new, texans beating the bears 13-6. foster finished with 102 yards rush and touchdown catch and texans intercepted cutler twice before knocking him out with a concussion. >> no comment about the jets? >> they lost. >> andrew, here's the deal. >> did you see rex ryan -- >> the giants won the super bowl last year. a lot of people have told him he's fat and he should shut up. he's not fat anymore. she just shut up. but sanchez, you brush up against him and the ball goes flying out. >> they've been going back and forth. >> when the giants are the defending the super bowl champions and they got their butts kicked by the bengals and the other game unbelievable is johnny football. texas a and m and alabama, that was unbelievable. alabama number one. texas a and m just joined the sec. and this guy johnny football, you just can't believe the
: in part with a hashtag. my 2k. the white house is saying if the u.s. goes off the fiscal cliff it will cost the average middle class family $2,200 a year and they want middle class social media users, twitter users who don't want that to happen to get online right now. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress. right them an email. post it on their nice book walls. you can tweet it using the hashtag, my 2k. >> reporter: as you heard at the top of the show treasury secretary timothy geithner is going to be on the hill today. one of his meetings will be with senate majority leader mitch mcconnell who just said, we are eager to hear the administration's specific plans for protecting jobs and growth by reducing the national debt, reducing washington spending and preventing a tax hike on every american taxpayer. so, bill, the two sides are talking to each other but it does sound li
, senator lieberman has pointed to the iranians as retaliating against the u.s. banks for the stuxnet attack that i will talk about momentarily. and our power grid. what is the risk? well, one is that terrorists want to break into our power grid. those of you that have lived a few days without power, as mark and i did in d.c. when a few trees knocked down our power lines, well, there are already, according to a number of the experts, foreign nation states that are in our networks, in the power system. the operation aurora, a few years ago, proved that a cyber attack can bring down the power grid with a cyber attack on one of the systems causing it to literally shake itself to death. and if you've noticed, you can't go to wal-mart and pull these power systems off the shelves. it takes a few months to get them back. a few months without the systems could be a $700 billion impact. the intelligence community in the u.s., they are afraid, too. they warned that already they should -- nation states are in our power grid. as you've already heard from john harrington, for the first time that i recall
. and the president should have been told about it at the earliest date. >> reporter: a u.s. official said there was no breach of security as a result of the affair. a cantor aide says the congressman called the fbi's leadership to report the information he got on october 31st. but according to "the wall street journal," the fbi's probe had already been under way for months. "the journal" says the fbi's investigation began in may when it started looking into e-mails described as threatening sent to a woman cnn has identified as jill kelley, a family friend of petraeus'. the fbi traced the e-mails back to paula broadwell, petraeus' biographer. and by late summer, "the wall street journal" report, the bureau linked broadwell to petraeus. that's when "the journal" says top officials informed eric holder of the situation. >> once the white house, once some staffer knows, various people find out about something, it becomes public almost instantly. you see this all the time. >> reporter: cnn contributor tom fuentes says under its protocols the fbi and justice department should have kept it insid
in swing states like here in ohio. last month, the u.s. supreme court allowed the state to keep the polls open for three days leading up to the election date. this morning, in african-american churches the push to vote went straight from the pulpit to the pews to the polls. this is how sunday sounds at the st. john ame church in columbus, ohio. >> i believe i can fly. say yes. say yes. >> an energetic mostly african-american congregation in the state that could decide the next president. like black churches across the sunday, this sunday, the flock is literally being driven to vote. it's called souls to the polls. and the pastor is making it a tradition. why is it so important to get people out? >> because we cannot afford to deny ourselves the right to vote. we ought to vote. we have done too much, come too far not to vote in this election. >> fired up? all right. >> after the sermon, they climb aboard the church bus. 63-year-old eugenia williams says she's bringing everything she could find at home with her name on it, to prove who she is. why are you taking your soul to the poll today?
is bothered by the fact that bening a carbon copy of the 1998 attacks on the u.s. embassy in east africa. at that time, susan rice was head of the region for the state department and once again ambassadors had begged for more security. >> i asked ambassador rice what her role was. she said she would have to refresh her memory. but that she was not involved directly in turning down the request. >> asked whether the member was six members seemed presumptuous, democrats said they fully supported ambassador rice's proactive approach. >> i respect that in her. however, the president decides in terms of the nomination, i hope he will nominate her, because i think she has been extraordinary at the u.n. and would make a great secretary of state. >> if nominated, rice will need support from 60 senators to overcome procedural hurdles in the senate, to be confirmed rice would need to sway at least five republicans to accomplish that. >> bret: thank you. egypt's two highest appeals courts suspended their work to protest last week's power grab by president mohammed morsi. there were more clashes toda
than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps the seeds from getting up underneath. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. a lot of things going on in my life and the last thing i want to be thinking about is my dentures. [ charlie ] try zinc free super poligrip. is my dentures. ♪... ♪... ♪... choose the perfect hotel without bidding. have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counselin
that anybody breached the national security in the scandal that's erupted around two top u.s. generals. but the president notes the investigation is still going on. president obama held his first white house news conference of his new term today. reporters asked him whether investigators should have informed the white house about the scandal before the election. >> what i will say is, is that if, um, it is also possible that had we been told, then you would be sitting here asking a question about why were you interfering in a criminal investigation. >> shepard: the president said he thinks it's best if we just wait to get more information about how all of this unfolded. no question it is complicated so here is a bit of a recap of all the cast members and plot twists in this ongoing well soap opera. last week then cia director david petraeus resigned as we learned that he had been sleeping with his biographer paula broadwell. that affair came out after the fbi started investigating paula broadwell for allegedly sending emails to another woman jill kellily a friend of david petraeus fami
and outline the next steps i will take. as background, puerto rico has been a u.s. territory since 1898. the island is home to 3.7 million american citizens who cannot vote for president, are not represented in the senate, and elect a nonvoting member to the house. federal law is supreme in puerto rico but its residents are treated unequally under many federal programs. voters were first asked whether they want puerto rico to remain a territory. over 1.7 million people answered. which is about 75% of registered voters on the island. 54% said they did not want the current status to continue while 46% said they did. voters were then asked to express their preference among the three viable alternatives to the current status. statehood, free association and independence. over 1.3 million people chose an option. 61% voted for statehood. 33% voted for free association. and 5.5% voted for independence. in addition, 472,000 voters did not provide an answer. this marked the first time voters were directly asked whether they want puerto rico to remain a territory. one of the two main political pa
zero, is if the government deficit is big enough to more than offset the trade deficit. if the u.s. is running trade deficits on the order of 4.5% of gdp, the government deficit has to be at least 4.5% of gdp, or the private sector will fall below zero. every single time. here is the cbo forecast. this is what is projected to happen to the government deficit if we hit the cliff. this is the alternative scenario. if we hit the cliff, the projection is that the government deficit will shrink to around 2% of gdp. deficits of 2% of gdp, together with trade deficits of 4.5%, in the private sector is by definition going to be in the negative. we are going to be running a deficit. here is the same image flipped over. it is the mirror image of that. it says that if the government reduces its deficit, it is reducing the surplus to the non-government sector. you have to be able to put these things in context. why does it matter? what difference does it make if the private sector is in surplus or deficit? it turns out it makes a big difference. p the private sector budget balance is shown her
financial crisis, another u.s. credit downgrade. those who do say there absolutely has to be a compromise. shortly after the confetti fell on election night both sides claimed victory in their vision of how to deal with the economy. >> there was a message sent to us by the american people based on the campaign. people making all this money have to contribute a little bit more. >> the american people made clear there's still a mandate for raising tax rates. >> reporter: president obama won the election on the idea that the wealthiest americans should pay more in taxes. a new study said the president's plan would increase revenue and slow economic growth by a tenth of a percent. >> good afternoon, everyone. >> reporter: republicans point to a different study. >> the in accounting firm of ernst and young said going over the fiscal cliff and raising taxes on the wealthiest would cost jobs. >> reporter: how to avoid this fiscal cliff are expected to begin in ernest next week when congress returns to work. >> legislation is the art of compromise, consensus building. >> reporter: house speaker j
whatsoever with congress on either side. u.s. virtually no interaction with members of congress. wow. >> let me, mark, let me just add, first of all, i don't agree with anything charlie just said. now, i agree with everything charlie just said. the key may be whether the president shows decisive leadership. now, i don't know what you all think they're i don't know what charlie thinks. i don't think that decisive leadership necessary is what is shown a lot of the time in the first term. it's not that he didn't show any leadership. he staked out general positions, suggestions, ideas, philosophies, the health care reform. but he didn't get his hands really dirty. remember the public option fight we had. where was the president? if you send it to me, i'll sign it. you know, he let nancy pelosi take the lead on the public option. and on a lot of things, you know, we knew where he stood. he didn't twist arms. he just didn't seem to get involved in the details. is he going to do that now? if he does that, easy going to just come his idea of well, i've got a second term, we picked up seats and since
. >> reporter: ordering a pentagon investigation of one of the nation's highest profile u.s. military officials. general john allen, the man who succeeded david petreaus as head of the international forces in afghanistan is linked to the investigation involving his predecessor. secretary of defense leon panetta says the fbi has turned the case over to department of defense investigators. the senior u.s. defense official says the inquiry centers around potentially inappropriate e-mails with jill kelley, the florida woman who sparked an investigation that led to petreaus' resignation as head of the cia. >> if you know my sister like i said, she is a dedicated mother and wife. >> reporter: kelley went to the fbi when she received threatening e-mails from an anonymous source. those were allegedly linked to paula broadwell. broadwell was having an affair with petreaus and reportedly believed kelley was a romantic rival for his attention. monday night investigators searched broadwell's home. agents didn't say what they were looking for but carried out boxes and a computer. general allen is in washing
of this in any way related to his affair. and the u.s. on track to be be the largest oil producer, but will the obama administration let it happen or turn an oil boom into a bust? welcome to the journal editorial report, i'm paul gigot. headed into friday, fiscal cliff talks with congressional leaders, president obama gave us a hit list of his negotiations strategies, repeating his intention to immediately raise tax rates on top earners. >> when it comes to the top 2%, what i'm not going to do is to extend further a tax cut for folks who don't need it which would cost close to a trillion dollars and it's very difficult to see how you make up that trillion dollars if we're serious about deficit reduction, just by closing loopholes and deductions. the math tends not to work. >> paul: but does the president's math add up? let's ask wall street journal columnist bill mcguerin, and analyst steve moore and washington columnist kim strassel. so, kim, the president won reelection, was this the hand of magnimty reaching out to the republicans? >> it's crazy, it's what the president says al
of state. at least for now. because of her comments about the attack on the u.s. consulate in benghazi. she is senator susan collins of maine. the top republic on the homeland security committee. she met with ambassador rice today on capitol hill. i would need to have additional information before i could support her nomination. she has not been posted yet. our homeland security committee investigation is ongoing. there are many different players in this. and there is much yet to be learned. >> shepard: well, the attack on that outpost killed the u.s. ambassador to libya chris stevens and three other americans. happened on 9/11 of this year. five days later ambassador rice went on the sunday talk shows and said u.s. officials believed violence was spontaneous reaction to the protest over anti-muslim video not a preplanned terror attack. ambassador rice now says and the evidence suggests she was using talking points from u.s. intelligence agencies. intelligence officials confirm they did, in fact, give her those talking points. she had nothing to do with them. and they are the ones who remov
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